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Stephens Industries LP, LP Purchases Clayton Rock Quarry

(College Park, Georgia -- January 23, 2014) Stephens Industries LP, LP announced today it has acquired the 100-acre granite quarry in College Park, Georgia from Bluegrass Materials Co. The transaction closed Wednesday for an undisclosed sum.

Bluegrass Materials had purchased the quarry along with three other metro-Atlanta quarries from Lafarge North America in January of 2013. The quarry has at least 40-years of commercial life remaining. Permits for operating quarries in Georgia are issued for the life of the site and are not periodically renewed.

The quarry is bordered by property already owned by Stephens Industries LP and affiliated companies. Since 2005, founder and CEO John D. Stephens has used the property to operate a sustainable waste management operation that includes construction demolition disposal, recycling, and aggregate sales. The recycling operation accepts and recycles inert material (soil, rock, concrete, asphalt) and other building debris and resells the processed products to the construction industry for reuse; thereby diverting the material from municipal landfills. Stephens also mines and sells his own aggregate on-site, an operation that previously was in competition with the adjacent quarry his company now owns.

“By combining these operations, when the housing, commercial and infrastructure sectors rebound, we will be in position to be a leading provider of virgin and recycled construction aggregate in the region,” said Stephens.

The site, which sits less than one mile from Hartsfield-Jackson International Airport, was previously used to produce the fill to construct the Fifth Runway at the airport.

For more information on Stephens Industries LP and affiliated companies, visit www.Stephensindustries.com.

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